|  |  |  |
| --- | --- | --- |
|   | (d) | If Lessor makes a drawing under the Letter of Credit, Lessee shall, following a demand in writing by Lessor specifying the amount to be replenished and stating in reasonable detail
the amount and basis upon which such drawing was made, immediately cause the maximum amount available for drawing under the Letter of Credit to be restored to the level at which it stood immediately prior to such drawing.  |


 




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| --- | --- |
| 5.15 | **Guarantee**  |

  

 If Lessee is required to provide Lessor with a Guarantee under the Aircraft Lease Agreement: (a) Lessee will contemporaneously with the execution of the
Aircraft Lease Agreement, provide Lessor with the Guarantee; and (b) Lessee shall cause such Guarantee to remain in full force and effect until such time as all of Lessee’s obligations under the Aircraft Lease Agreement shall have been fully
performed and to remain subject to revival as and to the extent that any such performance is revoked or set aside. 

  




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| --- | --- |
| 5.16 | **Late Payment Interest**  |

  

 If Lessee fails to pay any amount payable by Lessee to Lessor under the Lease on the due date, Lessee will pay on demand from time to time to Lessor
interest (both before and after judgment) on that amount, from the due date to the date of payment in full by Lessee to Lessor, at the Interest Rate. All such interest will be compounded monthly and calculated on the basis of the actual number of
days elapsed in the month, assuming a 30 day month and a 360 day year.